In the third quarter, Alphabet reported a significant revenue increase of 15% to $88.27 billion, exceeding analysts' expectations of $86.30 billion.
Sundar Pichai, CEO of Alphabet, noted that the company's investments in AI are yielding positive results, contributing to growth in both Search and Cloud services.
YouTube continued to show strong performance, with revenue surpassing $50 billion over the last four quarters, and ad sales growing by 12% to $8.92 billion.
Alphabet’s digital advertising sales, which form the largest portion of its revenue, rose to $65.85 billion from $59.65 billion, showcasing robust demand.
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